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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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cause them to downgrade america's debt rating as standard & poors did after 2011's debt ceiling battle. after using all of the cards in his hand in the last round of poker, what does president obama have left to bargain with? joining me now is congressman peter welch democrat from vermont. thanks for joining us. >> thank you. >> eliot: you were a cliff jumper as we call you saying let's go over the cliff until shortly before the vote was taken. what persuaded you to change your mind on that issue? >> well, it was as good a deal as we could get. i was disappointed on the revenues and if we went over the cliff, i think our prospect on
cause them to downgrade america's debt rating as standard & poors did after 2011's debt ceiling battle. after using all of the cards in his hand in the last round of poker, what does president obama have left to bargain with? joining me now is congressman peter welch democrat from vermont. thanks for joining us. >> thank you. >> eliot: you were a cliff jumper as we call you saying let's go over the cliff until shortly before the vote was taken. what persuaded you to change your...
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not be on the table. >> debt ceiling is a separate issue. the bottom line is congress incurs bills, they have to be paid, and the debt ceiling is not going to be a component of these negotiations. >> so now president and the democrats need to make sure that they hold the line. liberals want him to do just that. president obama already has a mechanism in place to engage americans. he can go directly to the american people. the president already plans to use the bully pulpit of his state of the union address to make the case. he's also pushing forward with other reforms like immigration. administration officials do not want the president's second term to be sidelined by a financial brawl. but while the president engages republicans on other legislative agendas, the country needs to stay invested in this economic fight on capitol hill. democrats and progressives, they know this fight. they did it well in the 2012 campaign. they fought hard during the fiscal cliff fight and won that. clearly. this is basically the start of a new campaign. if you
not be on the table. >> debt ceiling is a separate issue. the bottom line is congress incurs bills, they have to be paid, and the debt ceiling is not going to be a component of these negotiations. >> so now president and the democrats need to make sure that they hold the line. liberals want him to do just that. president obama already has a mechanism in place to engage americans. he can go directly to the american people. the president already plans to use the bully pulpit of his...
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especially when the up coming negotiations are coming with the debt ceiling. with social security, and medicare, those are big serious ideological spaces for the liberals so i think you will see the ways in which their unhappiness with the president will manifest with how the negotiations take place. that is no question that liberals feel that the gave in? >> don't they always feel that? >> and that the white house compromised, the i think the liberals were the aaccused of being the professional left. there's a concern on how the seniors, when we think of social security and medicare, how they are going to do. given that the republicans have articulated the idea that they are coming for blood. >> the president sacrifice his upper hand? did he act fight by not including the debt ceiling fight in the past deal? >> i don't think so. when you talk to democrats and republicans on capitol hill, democrats especially are positive that republicans gave in on the tax deal. so the president played a good hand, but not the best he had, he came out with republicans bucklin
especially when the up coming negotiations are coming with the debt ceiling. with social security, and medicare, those are big serious ideological spaces for the liberals so i think you will see the ways in which their unhappiness with the president will manifest with how the negotiations take place. that is no question that liberals feel that the gave in? >> don't they always feel that? >> and that the white house compromised, the i think the liberals were the aaccused of being the...
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we'll have another debt ceiling fight. we may end up with something in total close to to what simpson-bowles proposed. >> i think that would be good for the frunt. austan, thanks so much. >>> they stay submerged for months at a time in tight quarters without even seeing the sun. serving on u.s. submarines is a new role for female sailors. we'll spend some time with one of them. bright students are getting lost in the shuffle. and administration's work gets more complex every year. when you look at these issues, do you see problems or opportunities? with an advanced degree in education from capella university, you'll have the knowledge to meet these challenges and make a difference in the lives of students. let's get started at capella.edu. >>> women in the military are definitely making strides under water. cnn's pentagon correspondent chris lawrence talks to an officer who's on track to become the navy's first female submarine commander. >> reporter: it's a new frontier for female sailors. submerged for months, no sun, no
we'll have another debt ceiling fight. we may end up with something in total close to to what simpson-bowles proposed. >> i think that would be good for the frunt. austan, thanks so much. >>> they stay submerged for months at a time in tight quarters without even seeing the sun. serving on u.s. submarines is a new role for female sailors. we'll spend some time with one of them. bright students are getting lost in the shuffle. and administration's work gets more complex every...
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up next, will president obama try a political end-around congress on the debt ceiling? humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. >> bret: 11 people were hurt when a commuteer ferry slammed in a dock in the financial district. it happened at the pier in southern manhattan. 330 passengers and crew were aboard the ferry. around 50 suffered minor injuries. no word yet on the 'cause. police say the ferry crew passed alcohol-breath tests. house democrats throw out the first jab in what is expected to be a political fistfight over the debt ceiling. the president has the authority to circumvent congress and raise the bar rowing limit on its own. -- wor rowing limit on
up next, will president obama try a political end-around congress on the debt ceiling? humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? ♪ ♪ we're lucky, it's not every day you find a companion as loyal...
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. >> karl rove blows up the republican debt ceiling ruse. americans livi in poveis y at an all-time high. senator bernie sanders is here with the outrage on inequality. >>> junior seau's test results may finally push the nfl to address head injuries. we're taking a look into the findings. >>> oscar nominations were released today. but how heavy will politics weigh with the academy? >> they stay here, they will be taken. probably not alive. >> david edelstein gives us the scoop. >>> good to have you with us tonight, folks. thanks for watching. another group of parents received the terrifying news today when a shooting erupted at their children's school. at the exact time vice president joe biden was meeting with groups on solutions to gun violence a gunman opened fire at a high school in bakersfield, california about 120 miles northwest of los angeles. police say a 16-year-old shooter was armed with a shotgun. at least two people were shot, including one student who was in critical condition. there is usually an armed police officer at the sc
. >> karl rove blows up the republican debt ceiling ruse. americans livi in poveis y at an all-time high. senator bernie sanders is here with the outrage on inequality. >>> junior seau's test results may finally push the nfl to address head injuries. we're taking a look into the findings. >>> oscar nominations were released today. but how heavy will politics weigh with the academy? >> they stay here, they will be taken. probably not alive. >> david edelstein...
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the president's going to have to raise it, and the debt ceiling is not the problem. the problem is the debt and the spending that's driving the debt. and so the number one thing is to avoid, "a," the notion that speaker boehner can trot down to the white house and somehow we can solve the nation's problems or, "b," that we want do this at the 11th hour at all. instead we want our congress and our president to do their job. and i for one believe that in moments like this, presidential leadership is an imperative. but the president doesn't want to put a plan out, and he's shown no appetite for taking on this problem. then the house should pass something, and the senate needs to act. all right, robert. >> they have not had the senate pass anything in years. >> robert, shouldn't the president be the one that comes out with a plan and says this, look, i'm so sick of this petty, stupid, sandbox unpleasantness rather than the word i would prefer to use there, i'm sick of it, and so i'm going to put out, here's my plan. >> yes. erin, the president has put out a plan. hi put
the president's going to have to raise it, and the debt ceiling is not the problem. the problem is the debt and the spending that's driving the debt. and so the number one thing is to avoid, "a," the notion that speaker boehner can trot down to the white house and somehow we can solve the nation's problems or, "b," that we want do this at the 11th hour at all. instead we want our congress and our president to do their job. and i for one believe that in moments like this,...
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that means we'll actually hit the debt ceiling there. meaning anybody with any kind of romantic life will notice. >>> and later, meeting with joe biden at the white house, and in the rewrite tonight, why has no one mentioned me to take john kerry's senate seat when he gets confirmed as secretary of state. do i have to do everything myself around here. krystal, do i? >> no, i have been talking about you from day one. >> all right, well, that is going to be in the rewrite. this was the hole my waist was on. but since i've been on alli, am i on this one? nope. am i on this one? no, no, no, no, no. i am on this one. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. belt-friendly. let's fight fat with alli. learn more, lose more at letsfightfat.com. >>> the greatest governor of all time, i mean the greatest, i don't mean just state, i mean colonial governors, the greatest governor in the history of governors. massachusetts governor d
that means we'll actually hit the debt ceiling there. meaning anybody with any kind of romantic life will notice. >>> and later, meeting with joe biden at the white house, and in the rewrite tonight, why has no one mentioned me to take john kerry's senate seat when he gets confirmed as secretary of state. do i have to do everything myself around here. krystal, do i? >> no, i have been talking about you from day one. >> all right, well, that is going to be in the rewrite....
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obviously with the debt ceiling, the big problem right in front of us, conservatives will say, look, we need to leverage that, because we can't keep the democrats from spending unless we have a really, really powerful tool and the debt ceiling's a very powerful tool. on the other hand, democrats are saying, are you kidding me? that's not the kind of tool you should be using. and we actually do hear conservatives and business leaders saying the same thing as democrats it seems. don't be using that. it's killing us. i'd love to get your perspective on that. >> it's a very dangerous tool. it's one that i hope people only threaten to never use. because if we stop paying our bills, that will have as a country, that will have a massive impact on our economy. and it basically will remove what is the full faith and credit of the united states. this is something that we have as an asset we are basically the world's reserve currency and this can all change if all of a sudden we stop paying our bills. so, you know, it is a very dangerous weapon. and, you know, in many ways you can call it the n
obviously with the debt ceiling, the big problem right in front of us, conservatives will say, look, we need to leverage that, because we can't keep the democrats from spending unless we have a really, really powerful tool and the debt ceiling's a very powerful tool. on the other hand, democrats are saying, are you kidding me? that's not the kind of tool you should be using. and we actually do hear conservatives and business leaders saying the same thing as democrats it seems. don't be using...
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next month, congress will be asked again to raise the debt ceiling. most republicans will oppose that acting for definite spending cuts before more borrowing. does the president care? >> the only viable option here is congress to fulfill -- that congress fulfills its responsibility and ensures that the united states of america pays its bills as it has always paid its bills through the its history. >> bill: just shut up and pay. all right? don't be asking for anything, just pay. it's mr. obama's way or the highway. again, he could use an executive order to ignore the debt ceiling and i will not be surprised if he does. so, what we have here is not a failure to communicate as they once said in the movie cool hand lou. but a president who believes he can do what he wants to do with little accountability. he has already signed executive order changing immigration rules. that was done in the middle of the night. few even know about it if this continues there will be a constitutional crisis in america. unfortunately we the people are slow to understand what
next month, congress will be asked again to raise the debt ceiling. most republicans will oppose that acting for definite spending cuts before more borrowing. does the president care? >> the only viable option here is congress to fulfill -- that congress fulfills its responsibility and ensures that the united states of america pays its bills as it has always paid its bills through the its history. >> bill: just shut up and pay. all right? don't be asking for anything, just pay. it's...
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debt ceiling. government shutdown. do you believe the debt ceiling should be used as leverage? >> we have three impending moments. the debt ceiling, the continuing resolution to fund the government, and then the sequester spending cuts that have been delayed for 60 days. no one in the republican conference is talking about a default on our sovereign debt. but we do need to use these moments to address the spending explosion that we've seen in the last four years of the obama administration. >> are you saying you want to say debt ceiling, maybe set that aside and focus more on the other two? >> i'm saying the treasury has more than enough tax receipts every month to pay the interest on our sovereign debt. so there's nobody but barack obama who's talking about a default on our sovereign debt. we can prioritize payments on a monthly basis to ensure there's no default. then we can have the hard negotiations necessary to get spending back under control. >> you are saying, hey, don't raise the debt ceiling. make treasury -- >> unless there's real spending cuts, unless there's real st
debt ceiling. government shutdown. do you believe the debt ceiling should be used as leverage? >> we have three impending moments. the debt ceiling, the continuing resolution to fund the government, and then the sequester spending cuts that have been delayed for 60 days. no one in the republican conference is talking about a default on our sovereign debt. but we do need to use these moments to address the spending explosion that we've seen in the last four years of the obama...
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they want a fight over the debt ceiling because it's a loser for the republicans. the faith and credit of the united states, are you going to honor your debt and be the first people to default. what they don't want to fight over the continuing resolution and the sequester because that's spending and they don't want to get into a spending fight because they know that every survey shows that three out of four americans believe you can cut government spending and the country does not believe this government is proficient and they don't believe it's as small as it could be. so, the president will do everything he can to keep this fight in the debt ceiling because that's his best fight and they're terrified of getting mired up-- imagine if the congressional republicans said we're going to pass a 30-day continuing resolution in march and in that 30-day resolution we're going to kill the ten dumbest offices in the federal government and you the voters can go to our new website and you can vote for what you think the ten will be and we're going to come back 30 days later t
they want a fight over the debt ceiling because it's a loser for the republicans. the faith and credit of the united states, are you going to honor your debt and be the first people to default. what they don't want to fight over the continuing resolution and the sequester because that's spending and they don't want to get into a spending fight because they know that every survey shows that three out of four americans believe you can cut government spending and the country does not believe this...
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lift the debt ceiling. it will be clear because wall street will make it clear, the banking community will make it clear what the ramifications are to americans by not lifting the debt ceiling. and you're right, mike, all this is about, as the president said, is paying for the bills that congress has already voted to fund. and it's not lifting the debt ceiling to pay for future spending. it's to pay for the bills that we've already accrued. but regardless of that, regardless of that, the people want us to get together and do something. it's why i was sad to see steve decide not to run for re-election because we need republicans, we need more republicans who are going to stand in there and say, yes, spending is the issue, but we've got to realize that we've got to have reasonable revenue that comes into the mix, and we've got to look at everything. when it comes to spending, defense cannot be a sacred cow. we have to look at everything, and we have to have legitimate entitlement reform. and on our side, mike
lift the debt ceiling. it will be clear because wall street will make it clear, the banking community will make it clear what the ramifications are to americans by not lifting the debt ceiling. and you're right, mike, all this is about, as the president said, is paying for the bills that congress has already voted to fund. and it's not lifting the debt ceiling to pay for future spending. it's to pay for the bills that we've already accrued. but regardless of that, regardless of that, the people...
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debt ceiling may be an on muss sign of the future. what's your response to that? the national flood insurance is in crisis. >> the point is people paid their premiums and now they suffered and have damage and now paul ryan and others are saying they shouldn't -- the claims shouldn't be paid. i mean it's ridiculous. if you paid for any kind of insurance and you found out they weren't going to pay the claim, what would you think? i mean that's essentially what they're saying. >> in terms of the vote today and what happens next, charlie rangel, a member of your party was celebrating. here he is. >> i think it's been a good day for congress and for the country. it reinforces the concept we've had since the beginning of this nation that if any part of our country is affected by a disaster, that they can and should expect the rest of the country to come to the rescue. >> congressman pollone he said the sandy aid bill got messed up because of communications and there's no problems and it's going to move ahead and everything is fine. i i'm very concerned. as you know, spe
debt ceiling may be an on muss sign of the future. what's your response to that? the national flood insurance is in crisis. >> the point is people paid their premiums and now they suffered and have damage and now paul ryan and others are saying they shouldn't -- the claims shouldn't be paid. i mean it's ridiculous. if you paid for any kind of insurance and you found out they weren't going to pay the claim, what would you think? i mean that's essentially what they're saying. >> in...
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still facing that $16.4 trillion debt ceiling coming up. why is the white house so sure jack lew is the man? >> because he is a budget guy. he has seen it is in surplus and deficits. there is no surprise that timothy geithner, the last remaining holdout of the original circle of economic experts is happy to be moving on to the next thing. he has been serving through a lot of crisis after crisis. and now jack lew does not have time to measure for drapes at the treasury department. he is going to have to get right down to business negotiating a very tough debt ceiling deal. one of the things that you hear on wall street is that he will be easily confirmed why he is a safe choice by the president. some folks on wall street, republicans mostly, saying they are slightly concerned that he doesn't have more financial market experience and more business experience. he is a budget guy. we live in an era of budget wars so that is a plus. >> what does he bring that geithner doesn't or does he? >> geithner knew the bankers and knew wall street and how
still facing that $16.4 trillion debt ceiling coming up. why is the white house so sure jack lew is the man? >> because he is a budget guy. he has seen it is in surplus and deficits. there is no surprise that timothy geithner, the last remaining holdout of the original circle of economic experts is happy to be moving on to the next thing. he has been serving through a lot of crisis after crisis. and now jack lew does not have time to measure for drapes at the treasury department. he is...
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corral fight over raising the debt ceiling in a few weeks. president obama has already said he will not negotiate on raising the debt ceiling. here's what he said. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> and here's the response he got the next day from republican senator pat toomey of pennsylvania. >> our opportunity here is on the debt ceiling. the president's made it very clear; he doesn't even want to have a discussion about it, because he knows this is where we have leverage. we republicans need to be willing to tolerate a temporary partial government shutdown, which is what that could mean, and insist that we get off the road to greece, because that's the road we're on right now. we only can solve this problem by getting spending under control and restructuring the entitlement programs. there is no tax solution to this. it's a spending solution.
corral fight over raising the debt ceiling in a few weeks. president obama has already said he will not negotiate on raising the debt ceiling. here's what he said. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> and here's the response he got the next day from republican senator pat toomey of...
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we'll tell you about it coming up and we begin with the next fiscal cliff and the debt ceiling in a letter to the president yesterday. senate majority lead are harry reid and other top democrats urged the president to take any lawful stps to protect the u.s. from defaulting on its debt and bypassing congress if necessary. is the president ready to invoke the constitution's 14th amendment. it's the big question, nbc news' kristen welker joins me. i understand you have a highlighter in your hand to display the seriousness of what it would mean to invoke the 14th amendment. >> the 14th amendment is very complicated. i want to make sure i'm covering my basis to give everyone a quick explainer of what it is and it goes to the post-civil war era and it is in the expansive rights of the civil war and there is a part of it that deals with the nation's did not and that's where this highlighter comes in. and it states, quote, the validity of the public debt of the united states shall not be questioned. that is the part of the 14th amendment that those senators that you just referenced are seizing on
we'll tell you about it coming up and we begin with the next fiscal cliff and the debt ceiling in a letter to the president yesterday. senate majority lead are harry reid and other top democrats urged the president to take any lawful stps to protect the u.s. from defaulting on its debt and bypassing congress if necessary. is the president ready to invoke the constitution's 14th amendment. it's the big question, nbc news' kristen welker joins me. i understand you have a highlighter in your hand...
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now, the debt ceiling is for real. we come up against a borrowing limit and the government has to stop paying bills and it is a blunt instrument. i don't think either side wants to blow through the debt ceiling. i think we have to take a little bit of this blusterer with a grain of salt. what we want to take away from this whole period of time. when the government cuts spending it has a negative impact on growth. in the short run it hurts growth. if you look over in europe and austerity measures and governments pull back not so good for economic growth. when we say we want to fix the debt and deficit we have to be careful how soon and how quickly it occurs. >> kind of like after the holidays when you are feeling a little heavy you have to keep eating but you have to be a little more careful. >>> so jill gave us that news. i have other news for you, too. republicans attacking their own after speaker boehner refuses to hold a vote for aid for victims of superstorm sandy. today the vote. my next guest says this fight is a
now, the debt ceiling is for real. we come up against a borrowing limit and the government has to stop paying bills and it is a blunt instrument. i don't think either side wants to blow through the debt ceiling. i think we have to take a little bit of this blusterer with a grain of salt. what we want to take away from this whole period of time. when the government cuts spending it has a negative impact on growth. in the short run it hurts growth. if you look over in europe and austerity...
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let's start with the debt ceiling. president says he's not going to negotiate. so how far will house republicans push on this vote to try to leverage spending cuts? >> i think they're going push pretty far. you know, as the conservative "wall street journal" editorialized yesterday, "the wall street journal" giving house with republicans some advice, they said don't take a hostage you aren't prepared to shoot. and i think that that's the view among a lot of republicans in the house that they're not going to take this hostage, the debt ceiling, unless they're prepared to hit it. and remember last time we went through this, there were quite a few republicans who actually argued that it would be okay to hit the debt ceiling, that it wouldn't be as catastrophic as the white house and the treasury department and most economists believe. so i think it's -- i think it's very real, and when you have a senator like john cornyn threatening to shut the government down, we're in for a pretty serious fight here. >> well, we know that congress had a year and a half, essential
let's start with the debt ceiling. president says he's not going to negotiate. so how far will house republicans push on this vote to try to leverage spending cuts? >> i think they're going push pretty far. you know, as the conservative "wall street journal" editorialized yesterday, "the wall street journal" giving house with republicans some advice, they said don't take a hostage you aren't prepared to shoot. and i think that that's the view among a lot of republicans...
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president obama has said he will not negotiate with republicans over raising the debt ceiling. and yet they say that he's going to have to and they're going to make commands on him if he wants to raise it. are liberals going to say that obama is caving way too soon? >> he's already caved. already by allowing this to go to another day, that was a cave-in. we've heard him say how many times he won't negotiate with republicans. i love this idea. and i think you know, people are saying it is crazy but the other side what they're going to do is very, very crazy. but the president doesn't like to do things like this. and i can't see him actually doing it. >> john: going big? >> i can't see it happening. >> john: let's move on to another fight the president is about to face, the nomination of chuck hagel former republican senator from nebraska, for secretary of defense. rick, what makes chuck hagel harder to get confirmed? his anti-gay comments from 15 years ago his reference to the jewish lobby or the fact that obama likes him for the gig? >> probably the last. because this is all ab
president obama has said he will not negotiate with republicans over raising the debt ceiling. and yet they say that he's going to have to and they're going to make commands on him if he wants to raise it. are liberals going to say that obama is caving way too soon? >> he's already caved. already by allowing this to go to another day, that was a cave-in. we've heard him say how many times he won't negotiate with republicans. i love this idea. and i think you know, people are saying it is...
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the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says he's taking a hard line on the issue. >> one ning i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to kbif the united states its ability to pay its bill on top, the consequences could be catastrophic. last time congress threatened this course of action, our economy suffered for it. our families and our businesses can not afford that dangerous game again. >> on the first day of the new congress, lawmakers introduced nearly a dozen bills related to gun violence. they come in the wake of the connecticut school shooting and promises from president obama to take concrete action to avoid another tragedy. >> reporter: as students at sandy hook elementary return to class, former congresswoman gabrielle giffords, nearly killed in a mass shooting two years ago visited newtown, connecticut. and on capitol hill, lawmakers arrived to begin a new session of congress. with me
the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says he's taking a hard line on the issue. >> one ning i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to kbif the united states its ability to pay its bill on top, the consequences could be catastrophic. last time congress threatened this course of action, our economy suffered for it. our families and our...
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Jan 5, 2013
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it sounds like it will be debt ceiling before immigration. >> well, i wouldn't say that. i have been talking to my sources here who say that the president is still very focused on his second term agenda which includes immigration reform and enacting stiffer gun control laws and also some new energy policies in terms of the timeline, the white house is still working all of that out, but they say that the president is determined not to have these budget battles derail or side line his other policy goals. a lot of analysts are looking at the situation and saying it's tough to do that and there are more budget battles that are on the horizon that will take up a lot of time and public attention and consumption. >> kristen welker. honolulu. kristen, thank you so much. we'll check in with you later. >>> one piece of good news for president obama from the victory in 2012, it's officially in the books. the election that dominated the airwaves finally came to a close friday when a joint session of congress led by vice president joe biden confirmed the 332 lech ral votes for preside
it sounds like it will be debt ceiling before immigration. >> well, i wouldn't say that. i have been talking to my sources here who say that the president is still very focused on his second term agenda which includes immigration reform and enacting stiffer gun control laws and also some new energy policies in terms of the timeline, the white house is still working all of that out, but they say that the president is determined not to have these budget battles derail or side line his other...
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Jan 10, 2013
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we have on march 1 a debt ceiling debate looming. getting somebody that's already in the game i think was something the president thought about in picking him. >> yeah, the president wanted jack lew. he's going to get jack lew. presumably there will be a fight, a few republicans who will ask him very tough questions and probably in the end vote against his confirmation. but i suspect barring some major expose or something that we don't know he's been confirmed several times in the past. here he comes, the president will be introduced. >> geithner and mr. jacob lew. >> good afternoon, everybody, please have a seat. a little more than four years ago, i stood with mr. tim geithner and announced him as my first nominee to my cabinet. we were barely two months into the financial crisis, the stock market had cratered, the housing market had cratered, as well. bank after bank of on the verge of collapse. and worst of all, more than 800,000 americans would lose their jobs in just that month. and the bottom was not yet in sight. so i couldn't
we have on march 1 a debt ceiling debate looming. getting somebody that's already in the game i think was something the president thought about in picking him. >> yeah, the president wanted jack lew. he's going to get jack lew. presumably there will be a fight, a few republicans who will ask him very tough questions and probably in the end vote against his confirmation. but i suspect barring some major expose or something that we don't know he's been confirmed several times in the past....
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Jan 9, 2013
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but first, let's start with the debt ceiling. howard, don't republicans know this is a big potential loser not only for the country, but for republicans politically, or am i viewing this wrong? >> excuse me, ed. i think some republicans know it in their head. i think most republicans in the house don't know it in their hearts. they're here to lecture and to disrupt and not to legislate. they don't understand often, the ones i talked to don't really get the idea that the american public views the congress as an utterly dysfunctional institution that is standing in the way of leading the country and bringing about a true recovery from this long great recession. and most of the american people don't see political and legislative maneuvers like the ones that the tea party types want to carry forth like grover norquist want to carry forth as the kind of political disasters that they are. if the republicans pursue the strategy that grover norquist is talking about and that john boehner floated, they'll just drive the republican numbers
but first, let's start with the debt ceiling. howard, don't republicans know this is a big potential loser not only for the country, but for republicans politically, or am i viewing this wrong? >> excuse me, ed. i think some republicans know it in their head. i think most republicans in the house don't know it in their hearts. they're here to lecture and to disrupt and not to legislate. they don't understand often, the ones i talked to don't really get the idea that the american public...
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Jan 10, 2013
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minting a $1 trillion coin to avert a debt ceiling crisis. some experts say it's not as crazy as it sounds. (dog) larry,larry,larrryyy. why take exercise so seriously,when it can be fun? push-ups or sprints? what's wrong with fetch? or chase? let's do this larry! ooh, i got it, i got it! (narrator) the calorie-smart nutrition in beneful healthy weight... includes grains and real chicken, because a healthy dog is a playful dog. beneful healthy weight. find us on facebook to help put more play in your day. >>> it may sound like a pretty crazy plan, but the idea of minting a $1 trillion coin to avert another debt ceiling battle is gaining some momentum and gaining some prominent supporters. cnn's brian todd has been working this story for us. so brian, what's the latest? >> well, kate and wolf, this has picked up more serious momentum in the last few days than any of us could have imagined, despite all of our jokes that, quote, we hold in our hands the solution to the debt ceiling crisis. this is because, mostly after the fiscal cliff and everyt
minting a $1 trillion coin to avert a debt ceiling crisis. some experts say it's not as crazy as it sounds. (dog) larry,larry,larrryyy. why take exercise so seriously,when it can be fun? push-ups or sprints? what's wrong with fetch? or chase? let's do this larry! ooh, i got it, i got it! (narrator) the calorie-smart nutrition in beneful healthy weight... includes grains and real chicken, because a healthy dog is a playful dog. beneful healthy weight. find us on facebook to help put more play in...
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Jan 8, 2013
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i don't know that he would be ready to refuse to lift the debt ceiling. but, you know, he cease himself as having won something in the fiscal cliff go-round, chris, and so -- and i think that boehner sees himself as having lost something and needing to win back the fealty of those tea party republicans. so i still think we're in for an ugly few months. but i think they -- if they won't do the debt ceiling, they have less leverage. >> what a country. let's drop left wing, right wing for a second. we're the country of the world, we're the role model, we're the city in the hill, right? what a joke teaching democracy this way. >> i'm not sure the framers of the constitution envisioned a day when the members of congress would hold the president hostage. >> and not pay their debts. >> by not paying their bills. you have the cr, the continuing resolution that funds the government running out in march. you have the sequester deadline, which they couldn't deal with this time. they kicked down the road to march 1. and you have the debt ceiling hitting about the sam
i don't know that he would be ready to refuse to lift the debt ceiling. but, you know, he cease himself as having won something in the fiscal cliff go-round, chris, and so -- and i think that boehner sees himself as having lost something and needing to win back the fealty of those tea party republicans. so i still think we're in for an ugly few months. but i think they -- if they won't do the debt ceiling, they have less leverage. >> what a country. let's drop left wing, right wing for a...
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Jan 6, 2013
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remember this debt ceiling. we hit that. our nation's borrowing limit, money already owed and already been spent just a couple of months from now, so this is going to be a top priority in a very near future as we go ahead right now. as you heard from mitch mcconnell, he said that presidential leadership is desperately needed. he said specifically that the last-minute deals are not the way that the government should be run right now. the question is what the president and what the administration is willing to concede on. the republicans again in the house and senate are calling for entitlement reform. they want the medicare age to be raised. they want means testing, as we heard, again today, and it's important to note on "meet the press" when mitch mcconnell was speaking to our colleague david gregory he declined to answer whether he would rule out a government shutdown as a way of effectively enforcing that need for spending cuts. craig? >> in addition to all the fiscal stuff that the president will be dealing with over the
remember this debt ceiling. we hit that. our nation's borrowing limit, money already owed and already been spent just a couple of months from now, so this is going to be a top priority in a very near future as we go ahead right now. as you heard from mitch mcconnell, he said that presidential leadership is desperately needed. he said specifically that the last-minute deals are not the way that the government should be run right now. the question is what the president and what the administration...
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Jan 7, 2013
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i don't like the concept of using the debt ceiling as a negotiating tool because the debt ceiling is a process by which you authorize payment for spending you've already taken on, you've already approved. but a month after our debt ceiling debate, we have an actual government shutdown proposal, that is, a proposal to keep funding the government over the next six months. very short-term measure. why does that exist? l.z. said, why do we keep putting those out there? it's because two reasons. the government has not passed a budget for four years. budgets are just policy plans. they don't actually authorize spending. still it shows some responsibility, and the government's neglected to do that for almost four years. in the short term, the senate has also not taken up the responsibility of passing appropriations bills. those that actually authorize spending. so we have these short-term government funding mechanisms. you did the story, i'm sure, six months ago, carol, a year ago, over government shutdowns, and we're going to do this as long as they don't figure out how to set spending pla
i don't like the concept of using the debt ceiling as a negotiating tool because the debt ceiling is a process by which you authorize payment for spending you've already taken on, you've already approved. but a month after our debt ceiling debate, we have an actual government shutdown proposal, that is, a proposal to keep funding the government over the next six months. very short-term measure. why does that exist? l.z. said, why do we keep putting those out there? it's because two reasons. the...
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Jan 7, 2013
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you have the sequestration deadline and the debt ceiling hitting at the same time. this is going to be a three ring cliff, three cliff circus coming up very soon. and if you have this group that doesn't believe in compromise, it's going to be very hard to get through this wouithout a lo of blood in the water. >> i hope this goes away. anyway, thank you. thank you, it ought to be about building, not destroying. thank you. anyw anyway, when we return, let me finish with why i think the nomination for defense chief should be given a solid chance. i'm putting it that way, you're watching, "hardball," the place for politics. ident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? if we took the already great sentra apart and completely reimagined it? ...with best-in-class combined mpg... and more interior room than corolla and civic? ...and a technology suite with bluetooth, navigation and other handy stuff? yeah, that would be cool. introducing the all-new nissan sentra. it's our
you have the sequestration deadline and the debt ceiling hitting at the same time. this is going to be a three ring cliff, three cliff circus coming up very soon. and if you have this group that doesn't believe in compromise, it's going to be very hard to get through this wouithout a lo of blood in the water. >> i hope this goes away. anyway, thank you. thank you, it ought to be about building, not destroying. thank you. anyw anyway, when we return, let me finish with why i think the...
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so these massive spending cuts will coincide with another debt ceiling battle. is there anything in this debacle that we can all agree on? >> house speaker john boehner had kind of a rough week here. the at a party folks not happy with the deal that he struck >> the president was able to get the speaker to undo everything he had promised he would do >> where are you? mr. speaker, we need leadership. >> tonight i am ashamed, shame on you, mr. speaker. >> jon: republican or democrat, senator or congressman, team edward or team jacob, everyone agrees john boehner sucks. at least we can be assured that as the incoming congress votes for a new speaker of the house, it's clear what the outcome is going to be. >> john boehner won re-election as house speaker today. >> jon: oh, boy. (train whistle blowing) we'll be right >> jon: welcome back to the show. listen. as you may recall, a couple months ago america was hit by two major disasters. one of them natural, hurricane sandy and one of them somewhat man made the republican majority in the house of representatives. the
so these massive spending cuts will coincide with another debt ceiling battle. is there anything in this debacle that we can all agree on? >> house speaker john boehner had kind of a rough week here. the at a party folks not happy with the deal that he struck >> the president was able to get the speaker to undo everything he had promised he would do >> where are you? mr. speaker, we need leadership. >> tonight i am ashamed, shame on you, mr. speaker. >> jon:...
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Jan 4, 2013
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the 112th almost shut down government, almost breached the debt ceiling, and almost went over the fiscal cliff. all crises of their own making. ezra klein is also an msnbc political analyst and "washington post" columnist. robert costa is the washington editor at national review and a cnbc contributor. gentlemen, the 112th congress was not only unproductive, it was hugely unpopular. for comparison's sake, the irs, nixon during watergate and bp during the oil spill all had higher popularity ratings than this congress, and yet, ezra klein, if the objective was to thwart all things obama, you could say they were immensely successful. >> and yet they weren't because the overarching strategy was to eventually thwart obama himself, to get him not re-elected, to allow mitt romney or whoever was the republican nominee for president, to become president in 2012 thus fulfilling what senate minority leader mitch mcconnell once referred to as his top priority. that didn't work at all. the republican brand was so tarnished in part because of the actions of the 112th congress, in part because of the w
the 112th almost shut down government, almost breached the debt ceiling, and almost went over the fiscal cliff. all crises of their own making. ezra klein is also an msnbc political analyst and "washington post" columnist. robert costa is the washington editor at national review and a cnbc contributor. gentlemen, the 112th congress was not only unproductive, it was hugely unpopular. for comparison's sake, the irs, nixon during watergate and bp during the oil spill all had higher...
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Jan 11, 2013
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and the debt ceiling. today that deep dive into the battle between these two political heavy weights. the seeds of conflict, if you will, were planted early. president obama has been targeting lobbying groups like the chamber since the day he announced his white house run. >> they write the checks, you get stuck with the bill. they get the access while you get to write a letter. they think they own this government, but we're here today to take it back. the time for that kind of politics is over. it is through. >> despite that, the relationship actually started off on a somewhat positive note. the chamber broke with republicans early on in obama's presidency and backed the $787 billion stimulus package. but things went down hill quickly as the two sides clashed over the president's health care and economic agendas. the chamber's number two man, bruce joss ten, blamed the white house for targeting the group unfairly. >> in fact, they have come out of the white house, trying to neuter the u.s. chamber of comm
and the debt ceiling. today that deep dive into the battle between these two political heavy weights. the seeds of conflict, if you will, were planted early. president obama has been targeting lobbying groups like the chamber since the day he announced his white house run. >> they write the checks, you get stuck with the bill. they get the access while you get to write a letter. they think they own this government, but we're here today to take it back. the time for that kind of politics...